As expected, the FDIC released its enforcement action activity for February 2012. For the week, there were six removals and five additions, which leave the Unofficial Problem Bank List with 948 institutions and assets of $377.6 billion. A year ago, there were 985 institutions with assets of $431.1 billion. For the month of March 2012, there were 21 removals and nine additions or a net decline of 12 institutions and assets of $12.1 billion. This month there were 14 removals from action termination, which is the first month since the list has been published that action terminations greatly outpaced new additions.

The action terminations this week include Homestreet Bank, Seattle, WA ($2.2 billion); Security State Bank, Scott City, KS ($132 million); United Pacific Bank, City Of Industry, CA ($126 million); America California Bank, San Francisco, CA ($123 million); and Peoples Bank of the South, Bude, MS ($78 million). The failed Fidelity Bank, Dearborn, MI ($843 million Ticker: DEAR), which had been operating under a Prompt Corrective Action order since September 2011, was also removed this week.